BOTHELL, Wash., Feb. 26, 2010 (GLOBE NEWSWIRE) -- Neah Power Systems (OTCBB:NPWZ) www.neahpower.com, the company leading development in fuel cells for the military and portable electronic devices, in a "white paper" titled "Remote Area Power Systems (RAPS) for off-the-grid power," specifically detailed its solution and the market for renewable energy, off-the-grid systems, as well as Neah's plans to integrate its fuel cell into these systems.
"We have developed Hybrid Electric Renewable Micro Energy Stations, bringing renewable, green energy to millions in Asia. This innovative technology uses a combination of clean solar and wind power, fuel cells and batteries to replace the very polluting diesel generators that currently provide electricity in emerging countries. Economic development in vast areas of the world are being held back by a critical lack of reliable, low-cost electricity. Neah's fuel cells, which operate using methanol, a renewable and plentiful element used every day in developed countries, together with our subsidiary, SolCool's storage capacity, can bring a better life for many millions of people. Remote Area Power Supplies enable off-the-grid power. We have letters of intent from EKO VEHICLES, of India, for these systems, and significant interest from other customers, principally in Asia, who operate off the grid, have poor grid infrastructure, or both. The proportion of the world's population with access to electricity will rise over the next 20 years, but more than a billion people will still be without power in 2030 under the current International Energy Agency energy plan," remarked Chris D'Couto, Neah CEO.
Neah has signed with EKO VEHICLES, India's number one producer of two-wheeled electric vehicles, to supply methanol fuel cell battery chargers for renewable distributed energy stations. Neah has the unique ability to utilize multiple fuel solutions to power its fuel cells, as its porous silicon design allows for the use of a variety of oxidants and fuels, including oxygen, hydrogen peroxide, and nitric acid; while the anode loop has been run with several concentrations of methanol and formic acid for its fuel.
Neah's subsidiary, SolCool, specializes in solar powered air conditioning systems, and has an established manufacturing partner in China, along with very extensive distribution and support networks throughout the world. SolCool has shipped multiple systems to date, with many more in production.
SolCool's Direct Current Solar Air Conditioner will serve as the platform for other renewable energy solutions incorporating fuel cells, which could serve the needs of telecommunications infrastructure, homes and businesses that are remote from grid or wish to reduce grid dependence, and will help developing countries leapfrog traditional fossil-based energy and move directly to sustainable, decentralized power systems. SolCool's existing distribution infrastructure will enable the distribution of the Neah suite of products.
About Neah Power
Neah Power Systems, Inc. (NPWZ) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. Neah uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes.
Further company information can be found at www.neahpower.com.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See Neah Power System's Form 10-KSB for the fiscal year ended September 30, 2008 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.